@junaidakhtar45 on ETHUSD | PriceONN Community

Update: Following up on my earlier observation about ETHUSD trading around 1950, I've noticed the Bollinger Bands are relatively tight. This could suggest a period of consolidation before a potential breakout. The lower band sits at 1934.21, which might act as a support level if the bearish trend continues. However, a bounce from this level could lead to a test of the 20 SMA around 1959.73. I'm closely monitoring the price action around these levels to see if a clear pattern emerges. I'm thinking of setting a buy order near the lower Bollinger Band with a tight stop-loss to manage risk. Any thoughts on this approach?